Responsibilities
Ensuring and controlling all the identified Financial Control parameters to ensure book hygiene
- Review of control over 25 Financial Control & Focus Area parameters to ensure book hygiene in line with Group guidelines
- Control over Vendor advances, vendor payable ageing including GR-IR, MSME compliances, deposits given/taken ageing including debtors management.
- Ensure the proper recording of Purchase & Inventory valuation.
- Control over open Provisions to ensure & timely clearing of same.
- Preparing various MIS to ensure management control over financial reports.
- Review / approval of all insurance renewals & Risk Register.
- Necessary approval of all PO/SES/ NIS & other NFA as per DO.
Monthly, Quarterly and Annual book closure in a timely and accurate manner Ensuring and controlling timely and accurate payment to supplier
- Reviewing and Controlling P2P process in SAP and ensure accurate & timely payment as per Contractual Terms.
- Timely and Accurate completion of P2P process in SAP and Invoice processing as per DoA to ensure timely book closure.
- Ensure that purchase and Goods in transit is recordings timely basis and no gaps at every month.
Ensuring Inventory control & procurement tracking
- Ensuring timely review of inventory status and highlighting the aged inventory and their provisions.
- Review of Mark to market of inventory.
- Review of direct procurement from miner/trader with projection for next month.
RPT Approval
- Review of Related Party transactions (RPT)and ensure the transactions are arm length prices are arm length prices.
- Review of RPT transactions within the approved limits.
- Interact with Corporate for RPT related transactions.
Timely closure of audit & compliances
- Interact with Internal & External auditors to ensure timely closure of audit points.
- Review of contingent liability & MSME compliances and other disclosure related to financial statements.
- Ensure compliance related to Direct & Indirect Tax and monitoring over legacy matters- DCD, Entry tax etc.
Process Automation
- Develop various reports from SAP to avoid process inefficiency and to ensure timely reporting.
Qualifications
- Education Qualification
- C.A.
- Work Experience
- 15 17 years
- Preferred Industry
- Trading Industry, Power, Big 4 Consulting firm
